PancakeSwap proposes reducing the Max Supply of CAKE Token by more than 10%.

This article is machine translated
Show original

pancake swap 03

PancakeSwap recently announced a significant proposal regarding the economic mechanism of the CAKE Token , in which the development team proposed reducing the Max Supply supply of CAKE from 450 million Token to 400 million Token. This information quickly attracted the attention of the DeFi community, especially in the context of the market's growing concern about the sustainability and inflation control capabilities of major protocols.

You may not know this, BingX the BingX exchange offers many privileges for new members and VIP members.

According to an official announcement from Pancake on January 13th, the team stated that the new supply is entirely sufficient to meet all of the protocol's long-term development needs. Currently, the circulating supply of CAKE Token is approximately 350 million, meaning that if the proposal is approved, PancakeSwap will still have a buffer of about 50 million CAKE compared to the new ceiling. However, the development team emphasized that they do not expect to need to use this reserve, except in special strategic or emergency situations.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
63
Add to Favorites
12
Comments